Digital behavioral health platform CredibleMind has raised $7.5 million in a Series A funding round, the company announced Tuesday. The financing round was led by Horizon Mutual Holdings, which is part of Horizon Foundations for New Jersey. “CredibleMind has pioneered an accessible, smarter entry point for members seeking mental health and wellbeing support,” Suzanne Kunis, […]
Behavioral health providers are increasingly using artificial intelligence (AI) to improve efficiency, personalize treatment pathways and produce outcomes. How best to develop an AI-enabled technology stack remains unclear, however. While leasing AI technology from vendors is a relatively easy path to keep up with the digital Joneses, providers with more specialized needs or those looking […]
Universal Health Services (NYSE: UHS) is enjoying robust behavioral health pricing, driven by negotiations with lower-paying payers. Steve Filton, UHS’s chief financial officer, attributed historically high behavioral health pricing to the company’s ability to leverage higher rates from lower-paying payers, naming managed Medicaid payers specifically on the company’s Q3 earnings call Friday. “In an environment […]
Around 14.5 million young people in the U.S. have ADHD, anxiety or depression, according to the CDC. And rates are only increasing. While multiple treatments are effective at treating these conditions in young people, factors like clinician shortages can keep children from receiving care. Gamification, a strategy that involves adding games or game-like elements to […]
One of California’s largest opioid treatment providers (OTP) is taking advantage of a landmark change in federal rules. Pinnacle Treatment Centers announced Monday that they will begin prescribing opioid use disorder (OUD) patients methadone via audio-visual telehealth sessions in the state of California. “Expanding access to methadone by allowing patients to initiate treatment via telehealth […]
Biotech firm MARAbio has raised $19 million in a Series A funding round to accelerate the launch of its blood test for detecting maternal autoantibody-related (MAR) autism. The Salt Lake City, Utah-based biotech company plans to use the funds to bring its proprietary blood testing technology to market. MAR autism is linked to specific patterns […]
Mental health provider Resilience Lab has expanded to offer medication management and treat severe mental illness by acquiring AI-enabled psychiatry provider Options MD. The acquisition will improve Resilience Lab’s ability to negotiate with payers and bring the provider closer to its “North Star” of providing fully integrative care. “We always wanted to extend our reach […]
More innovative solutions around autism diagnostics are starting to gain momentum. The latest example of this idea: Wyoming’s Medicaid program will cover Cognoa’s Canvas Dx product. According to a Sept. 26 announcement, Wyoming is now the first state to cover Cognoa’s tool for early-autism diagnosis. Dr. Sharief Taraman, CEO of Cognoa, described the move as […]
This May, Cara McNulty posted on LinkedIn that she was stepping down as president of behavioral health and mental well-being at CVS Health (NYSE: CVS). She wrote warmly of her five-year tenure at CVS, calling it the “experience and honor of a lifetime” while praising company CEO Karen Lynch as “a leader of leaders.” But […]
Measurement-based care has been hailed by payers and providers as essential to promoting evidence-based, individualized treatment. Substance use disorder (SUD) providers hoping to craft new reimbursement arrangements or improve patient outcomes must establish robust internal measurement systems. Collecting patient data alone does not drive change, however. Providers must also leverage their findings to adjust treatment […]
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